Euro - dollar parity will continue its upward trend from 11.12 to 11.15. This week it was at 1.0950. There may be a one point decrease. I had warnings that could extend to the 1.0850 level. It violated here due to the decline of the dollar index. But there is such a possibility again. Because technically every area that is violated will definitely be tested in one way or another. It is currently completing the week above the 1.10 level at 1.1011. Not every rise is a surprise to us. Because I was expecting these levels. Our target of 1.12 to 1.15 is still ongoing.
An ounce of gold is at the level of 2055 dollars. An ounce of gold rose to 2070 dollars today, breaking a new record. Below are the areas violated. 2002 dollar and 1995 dollar levels. Since these places are technically violated, there is a possibility that these places will be tested again this week. It could not break the 2070 resistance and came back again. There were intense sales from here. It has declined again, but I will continue to monitor the areas below to be tested again next week. My target of $2350 per ounce of gold will continue. During the year, I will again look at the quantity, not the price. We will continue to increase it like this.
The price of silver per ounce is at $24.30. No surprises here either. The ounce price of silver will reach levels of 26 - 28 - 30 - 32 dollars in 2024. Since I am a long-term investor, short-term fluctuations do not concern me.
Bitcoin, one of the cryptocurrencies, is at the level of 43658 dollars. It is stuck in the $40000 - $45000 range. It continues to hover between $40000 - $45000.
The dollar index is at $101.38. There was a decline and suppression here. The declines here are no surprise. I continue to expect the 92 level in 2024. In fact, I was expecting the possibility of falling below the 100 level by the end of 2023. You never know, the year is not over yet, there is only a week left until the end of the year. Maybe it can retest below the 100 level. But I put level 92 on my radar in 2024 and continue to wait.
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